Travel & Tourism

Tourism is travel for leisure, business or recreational activities. And tourists are the people who travel to different places and make a home away from home for their required or desired period of time. It is an industry that brings a lot of foreign exchange to nations. Its dimensions are very vast; therefore, it strengthens economic and social growth. Tourism has experienced phenomenal growth world over. With more than 600 million people traveling annually, tourism is the world’s largest industry, with revenues of about half a trillion dollars a year and averaging five percent annual growth. It is also one of the most competitive businesses across the globe.

The various sectors within the travel and tourism industry are transport - airlines, car rentals, water transport, coach services, railways, etc.,  accommodation, food and beverage, entertainment, and connected companies, like health and medical insurances, etc. Therefore, the travel and tourism industry is a huge business in almost all countries in the world.